Seagate Technology (NASDAQ:STX) CEO William Mosley Sells 24,584 Shares of Stock

Seagate Technology Holdings PLC (NASDAQ:STX) CEO William Mosley sold 24,584 shares of Seagate Technology stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $406.77, for a total transaction of $10,000,033.68. Following the completion of the transaction, the chief executive officer directly owned 375,591 shares in the company, valued at approximately $152,779,151.07. The trade was a 6.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Seagate Technology Stock Down 1.8%

Seagate Technology stock opened at $404.02 on Tuesday. Seagate Technology Holdings PLC has a 1-year low of $63.19 and a 1-year high of $459.84. The business has a fifty day moving average price of $391.00 and a 200-day moving average price of $302.34. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72. The stock has a market capitalization of $88.10 billion, a price-to-earnings ratio of 45.70, a PEG ratio of 0.91 and a beta of 1.61.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.34. The company had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.73 billion. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Equities research analysts forecast that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be issued a dividend of $0.74 per share. The ex-dividend date is Wednesday, March 25th. This represents a $2.96 annualized dividend and a dividend yield of 0.7%. Seagate Technology’s dividend payout ratio is 33.48%.

Hedge Funds Weigh In On Seagate Technology

A number of institutional investors have recently modified their holdings of the stock. Hsbc Holdings PLC lifted its holdings in shares of Seagate Technology by 97.9% in the 4th quarter. Hsbc Holdings PLC now owns 172,331 shares of the data storage provider’s stock valued at $47,579,000 after buying an additional 85,246 shares during the period. Stance Capital LLC acquired a new stake in Seagate Technology during the fourth quarter worth about $2,288,000. World Investment Advisors raised its position in Seagate Technology by 1.9% during the fourth quarter. World Investment Advisors now owns 11,832 shares of the data storage provider’s stock valued at $3,258,000 after acquiring an additional 226 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in Seagate Technology by 18.8% in the fourth quarter. Corient Private Wealth LLC now owns 35,378 shares of the data storage provider’s stock valued at $9,745,000 after acquiring an additional 5,590 shares during the period. Finally, Pure Financial Advisors LLC lifted its holdings in Seagate Technology by 8.6% in the fourth quarter. Pure Financial Advisors LLC now owns 1,201 shares of the data storage provider’s stock valued at $331,000 after acquiring an additional 95 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on STX. Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a research report on Monday, December 29th. China Renaissance raised their price target on shares of Seagate Technology from $325.00 to $452.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Mizuho lifted their price objective on shares of Seagate Technology from $440.00 to $475.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Cantor Fitzgerald boosted their price objective on shares of Seagate Technology from $500.00 to $650.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Finally, Bank of America upped their target price on Seagate Technology from $320.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Seagate Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $447.35.

Seagate Technology Company Profile

Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.